Washington University should be ashamed! One of its numerous for-profit subsidies is appealing the assessment for #4140ForestPark
See my previous coverage of the project at:
#CortexTIF
#BOAbb139
#BOAbb140
Today’s construction 🏗️ gallery from Washington University’s #4140ForestPark project.
Details on the equipment for C2N Diagnostics that is to receive a personal tax abatement have not been disclosed.
The specific use of the new 4 story addition is not known to me.
#CortexTIF #BOAbb139 #BOAbb140
Construction 🏗️ photos taken at 10:45 a.m. today at Washington University’s redevelopment of the former Goodwill property at #4140ForestPark.
The tax incentive bills have a final hurdle to clear: final vote at the 1/10 BOA meeting.
E & A approved #BOAbb139 & #BOAbb140 on 12/18.
#CortexTIF
Why is Board Bill no. 140 invalid?
There is no financial analysis for RPA 4 of the #CortexTIF, as specified in the fiscal note to #BOAbb140.
Image 1
The “financial impact report” was shared with the TIF Commission on 11/13, but NOT with #HUDZ on 12/10.
Image 2 from TIFC video on SLDC YouTube
/3
#EandA Agenda & exhibits are posted for today’s 2 p.m. meeting.
tinyurl.com/mvzrskn8
The City of St. Louis gov system results in odd scenarios, such as #BOAbb139 & #BOAbb140 being on the E & A agenda for approval prior to the final BOA vote, which will likely be on Jan. 10th.
#CortexTIF
/2
What's missing from #BOAbb140?
There is NO financial analysis pertinent to the issuance of the $4M TIF note for RPA 4 !
BB 140's Fiscal Note specifies: An analysis of the RPA 4 Redevelopment Project prepared by SLDC is attached.
See pgs 79-80. tinyurl.com/3p3vf3rk
Why is BB139's analysis in BB140?
🔥 Contact your aldersperson & PBOA Green ASAP about the #CortexTIF
legislation.
Vote No on #BOAbb139 #BOAbb140 & Res. 203
Is it fair to say that the TIF Commission was deceived by Cortex, SLDC & Alderman Browning at the November 13 meeting? All three failed to disclose to the TIF Commissioners that additional City tax breaks for the then unnamed tenant had been negotiated.
#BOAbb139 #BOAbb140
#CortexTIF #ItsAracket
The #4140ForestPark project fails the "but for" test.
These photos were taken on Dec. 6, less than 4 hours after BB 140 was introduced at the full BOA meeting.
#BOAbb140 provides for up to $4 M TIF financing for RPA 4. Only costs associated with 4140 are eligible for reimbursement with TIF funds.
Testify on the #CortexTIF bills at the 11 a.m., Dec. 10 #HUDZ Committee hearing at City Hall or Zoom.
Details: tinyurl.com/364x6jfx
#BOAbb140 $4 M TIF
#BOAbb139 Tax abatement
Submit written testimony to: boameetings@stlouis-mo.gov
Emails for HUDZ alders: tinyurl.com/yc6jyvyb
#ButForFAIL #CortexTIF
Only 3 days until the Dec. 10 Public Hearing by the Board of Aldermen #HUDZ Committee on two bills & one resolution for the #CortexTIF project currently under construction at 4140 Forest Park Ave.
#BOAbb139 #BOAbb140 #Res203
The big question: Who benefits from the $4 M TIF allocation?#CortexFacts
Construction photo taken on 12.06.24. Exterior masonry work proceeds on the former Goodwill building at 4140 Forest Park Ave.
Construction photo taken at 4140 Forest Park Ave on 12.06.24. Exterior masonry work proceeds on the former Goodwill building (left side). A new reinforced concrete structure under construction (right side), with columns visible on the 2nd floor level.
Construction photo taken at 4140 Forest Park Ave on 12.06.24. Exterior masonry work proceeds on the former Goodwill building (left side). New reinforced concrete structure under construction (right side), with columns visible on the 2nd floor level. The first floor level columns are concealed behind an industrial curtain.
Welcome to "Fact Check Friday" for the Board of Aldermen.
These photos were taken this morning at #4140ForestPark
#BOAbb140 will be introduced today to facilitate $4 M in TIF subsidy for this project by a for-profit affiliate of Wash U.
How on earth does this pass the "But For" test?
#CortexTIF
Happy #BOAfriday!
The full BOA meets at 10 a.m. today.
Alderman Browning will introduce #BOAbb140 for $4 Million in TIF funding for #4140ForestPark
Given that construction has already started, the project clearly fails the “but for” test. Testify at the #HUDZ hearing on Dec. 10 at 11 a.m.
Just posted!
#BOAbb140 & #Res203 for the #CortexTIF project at #4140ForestPark were added today to the 11 a.m. Dec. 10 #HUDZ Public Hearing agenda.
#BOAbb139 was already on agenda.
BB140 will be introduced at BOA tomorrow.
Construction 🏗️ is well underway, despite Cortex’s claim at a TIFC meeting
I’ll dust off my #CortexTIF files to prepare for the public hearing by #HUDZ on #BOAbb140
